BCI Minerals (ASX:BCI) finalized all conditions precedent to close a AU$981 million project debt facility to fund the salt-first component of the Mardie salt and potash project on the West Pilbara coast, according to a Friday filing with the Australian bourse.
The syndicate of lenders includes the Northern Australia Infrastructure Facility, Export Finance Australia, Export Development Canada, Westpac (ASX:WBC, NZE:WBC), and Industrial and Commercial Bank of China.
The first drawdown is expected by the third quarter of fiscal 2025, with Westpac structuring the AU$331 million seven-year commercial loan facilities, the filing stated.
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